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201207092 BORROWER COV�NANTS that Borrower is lawfully seised oPthe estate hereby conveyed and has the right to grant and convey the Property and 4hat thc Vroperly is unencumbered, exccpt for encumbrances of record. Borrower�varrants and will defend generally the title[o thc Properiy against all claims m�d demancis, subject[o any encumbrances of record. THIS SECURITY NSTRUMENT combines uniform co�enants for national use and non-imiforen covenants with Ilmited vaziations by juxisdiction to constltute a uniform 5ec�ity insmunenT covering real pmperty. UnifoYm Covenlnts. Borrawer and Lender covenant and agee as follows: 1. Payment of Principal, interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the piincipal of, and iriterest oti, the debt evidenced by the Note and any prepapment charges and late chazges due under the Nate. Borroarer sha11 also pay funds for Escrow Iteins pursuant to Section 3. Plyments dne under the Note and this Security Iastrumeni shall be made in U.S. currency. However, if any check or other instrument reccived by Leuder as payment under the Note or this Securify Instrzxment is re4umed to Lender unpaid, T,ender may requirc that any ox all subsequent pa}�ents due under the Note and this Security Instrument be made in one or more of[he following forms, as selected by Lender: (a)cash; (b)money order; (c) certificd cl�eck, bank check, treasurer's checic or casl�ier's check, provided any such check is drawn upon an instihilion whose deposits are insured by a federal age»cy, instrumentality, or entity; or(d)Electronic Ftmds Tr�fer_ Payincnts aze deemed recei�ed by Lender when received at thc locarion designated in the Note or at snch other location as may be desigia[ed by Lender in accordance with the notice provisions in Section 15. Lender may retum any payment or partial payment if the paym�;nt or partial payments are insufficient to uring the Loan current. Lender may accept any payinent or partial payment insufficient to bring the Loan ciurent, without waiver of any rights hereunder or prejudice to its rights to refase such payment or partial payments in the fuhtte, but Lender is not o6ligated to apply such payments at the rime such payinents are acecpted if each Periodic Payment is applied as oP its scheduled due date, then Lender need not pay interest on unapplied funds. Len�icr inay l�old such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or returu them to Borxower. If not applied earlier, such funds vnll be applied to the outstanding principal balanee under the Note Immediatelq prior to fareclosure. No offset ar claim�vhich Borrowex might l�ave now or in the futu.-e against Lendcr shall rzlieve Barrower$om making payments due under the Note and this Seeurity Instnu�nent or peYfonnuig the covenants and agreements secured by tlus Security Jnstrument 2. Application of Payments or Proceeds. Except as otherv✓ise described in rhis Secticm 2, all payments accepted and applied by Lendcr shall bc applicd in the follo�ving order of priarity: (a) interest dua uudcr lhc Note; (b)principal due under the Note; (c)amounts due under Sectian 3. Such payments sh211 be applied to each Periodic Payment in the order in��hich it Uccame due. Any remaining amounLs shall be appliul first io late charges, second to any other amounts due under this Security Instrument, aud then to reduce Lhe prineipal balance oP the Note�. If Lender receives a paymcnt from Borrower for a delinquent Periodic Payment wluch includes a sufficient ainount to pay any late eharge due, the payinent inay be applied to the delinquent pa}�rneni and the iate char�e. If more than one Periodic Payment is outstanding, Lender xnay apply any payment received from Borxower to the repay�nent o�the Petiodic Payment9 If, and to the extent fhat, each payment oan be paid in full. To the e,ztent that any exGOss eYisTs after ihe payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to auy late clu�ges due. Voluntary prepayments shall be applied first to any prepayment chazges and fhen as dcscribed in the Note. zaaaieaz NFBRASKASingle Famity-Fannie M ae✓Freddie M ac U W FORA1 I�STRp M11]JT Porm 3028 1/01 VMP OO VM P6(NE)(1105J VJolters Kluw er FnaAcial Services Page 4 of t 7